SpaceX to enter Philippine market – DTI

The Department of Trade and Industry (DTI) has announced that SpaceX, the American aerospace manufacturer and space transportation services company founded by Elon Musk, is set to enter the Philippine market.

This move is expected to revolutionize the country’s space industry and provide new opportunities for local businesses and entrepreneurs.

According to DTI Secretary Ramon Lopez, the entry of SpaceX into the Philippine market is a significant development that will help boost the country’s space capabilities and create new jobs.

“SpaceX is a world-renowned company that has revolutionized the space industry. Their entry into the Philippine market will bring new opportunities for our local businesses and entrepreneurs, and help us develop our own space capabilities,” Lopez said.

He added that the DTI is currently working with SpaceX to identify potential areas of collaboration and investment in the country.

“We are exploring various areas of collaboration with SpaceX, including satellite technology, space tourism, and other space-related industries. We are also looking at ways to support local businesses and entrepreneurs who want to enter the space industry,” Lopez said.

The entry of SpaceX into the Philippine market is expected to have a significant impact on the country’s economy, particularly in terms of job creation and technology transfer.

“SpaceX is known for its innovative and cutting-edge technology, and we believe that their entry into the Philippine market will help us develop our own space capabilities and create new jobs for our people,” Lopez said.

He added that the DTI is committed to supporting the growth of the country’s space industry and will continue to work with other companies and organizations to promote the development of this sector.

“We believe that the space industry has tremendous potential for growth and development, and we are committed to supporting its growth in the Philippines. We will continue to work with other companies and organizations to promote the development of this sector and create new opportunities for our people,” Lopez said.

Overall, the entry of SpaceX into the Philippine market is a significant development that will help boost the country’s space capabilities and create new opportunities for local businesses and entrepreneurs. With the DTI’s support, the Philippines is poised to become a major player in the global space industry in the years to come.